Jito

Solana

2026-09-17 19:32:39

JitoSOL Override Helped Push Solana’s Closest Governance Vote Over the Line

Solana’s proposal to double the pace of disinflation cleared its required supermajority by just 0.334 percentage points in the network’s first binding on-chain governance referendum, and Jito Foundation governance lead Nick Almond said the measure would have failed without JitoSOL’s liquid-staking override system. The mechanism, created under JIP-30, lets JitoSOL holders signal their preference before validators cast votes; once participation reaches 10% of total value locked, the entire stake pool votes as one bloc based on holder direction rather than validator discretion. Almond said roughly 10 million SOL, then worth close to $1 billion, was directed toward SGP-0002. He also pointed to a late reversal by Kraken’s validator as part of the swing that carried the proposal past the threshold. The vote came as Solana validators face weaker economics. A 21Shares report said Solana’s network revenue fell 87% year over year in the first half of 2026 to $141 million, while memecoin trading’s share of spot volume dropped from 40% to 16%. At the same time, Robinhood Chain, the Arbitrum-based layer 2 launched by Robinhood Markets this year, is emerging as a rival in tokenized-equities trading, with gas fees jumping 82-fold over 11 days in early September.

510

Solana

2026-09-12 19:33:00

Four anonymous wallets hold more than 20.6 million staked SOL

Four unidentified addresses collectively control more than 20.6 million staked SOL, worth about $2.1 billion at a price range of $101 to $102, according to Bitcoin.com News cited by Odaily. The largest of the four wallets holds 5.6175 million SOL, while the other three hold 5.0034 million, 5.0024 million and 5.0024 million SOL, respectively. The report also outlined several major named holders in Solana staking. Coinbase is currently staking about 24 million SOL, valued at roughly $2.45 billion. A Solana Foundation staking withdrawal authority holds about 23.7141 million SOL, worth around $2.42 billion, and can control funds spread across hundreds of staking accounts. Binance’s BNSOL Pool holds about 10.3905 million SOL, worth more than $1 billion, while the Jito staking pool holds about 10.2725 million SOL, valued at about $1.05 billion. Users who deposit SOL into those products receive liquid staking tokens, specifically BNSOL or JitoSOL.

840

Jito

2026-08-12 14:13:37

Jito Open-Sources FireBAM, Launches Mainnet Client With Frankendancer and Firedancer Support

Jito has announced that its validator client FireBAM is now fully open source, with the mainnet version officially live. The client supports both Frankendancer and the full Firedancer implementation, giving validators access to BAM's verifiable ordering capabilities and integration with Jito Tip and priority fee revenue. According to Jito, validators running FireBAM also qualify for JitoSOL delegation. Under JIP-28, such delegation now requires a BAM-compatible client. Additionally, these nodes are eligible for the JIP-31 subsidy program, under which qualifying participants will receive subsidies in JitoSOL from Jito's protocol income. The update was posted on Jito's official X account. The open-source release and mainnet launch together extend the reach of FireBAM across validator operations. Alongside that, JIP-28 and JIP-31 set out the conditions for delegation and subsidies: one ties delegation to BAM-compatible clients, the other ties subsidies to qualifying FireBAM nodes. FireBAM thus enters mainnet availability with an open-source codebase, and the supported client lineup now spans both Frankendancer and the complete Firedancer client.

1610

Jito

2026-07-28 10:56:16

JTX reshapes the Jito story as analysts argue JTO is still undervalued

Jito’s launch of JTX on July 14 has prompted a rethink of how JTO should be valued, according to a market analysis by ake Koch-Gallup and Sam Schubert cited by MarsBit. The core argument is that Jito should no longer be viewed only as a Solana back-end infrastructure business that passively depends on blockspace activity. With JTX, the company is beginning to price user flow instead. In the analysts’ base case, JTO is worth $1.18, implying about 57% upside from roughly $0.75. Their probability-weighted target reaches $2.75, or about 267% upside. The report also places Jito’s repricing in a broader market context. Over the past week, crypto miners led all crypto sectors with a 27.0% gain, helped by AI data center deals. DEXs rose 4.6%, the Bittensor ecosystem gained 4.3%, and the Ethereum ecosystem added 3.9%, while the broader equity market was nearly flat. Against that backdrop, the authors argue Jito’s shift matters because JTX changes both revenue mix and value capture. Early execution metrics show more than 77,000 trades since launch, median slippage of 5.5 basis points versus the oracle midpoint, and 29.1% of trades beating the oracle price. The analysis says that if JTX scales, it could become the dominant driver of Jito revenue and token buybacks.

1750

Policy and Re

2026-07-26 08:15:48

Weekly project roundup: Worldcoin sells WLD at a 36% discount, Movement files for bankruptcy

This week’s project developments span token sales, shutdowns, hacks, protocol upgrades, and new product launches across crypto and adjacent sectors. Robinhood Chain reached $700 million in onchain assets three weeks after launch, with $430 million in stablecoins and about $500 million in TVL. Worldcoin Foundation sold 217.4 million WLD to institutions including Pantera Capital for about $52.5 million, implying a price near $0.24 per token, roughly 36% below the current market price, with a one-year lock-up. Movement has filed for bankruptcy after its onchain apps generated less than $800 in daily revenue for an extended period since last November, while daily chain fees stayed in the single digits and were just $1 over the past 24 hours. In another major incident, Wanchain’s Cardano bridge was hit by a suspected exploit that moved roughly 515 million NIGHT, valued at about $9 million, out of the bridge vault. Elsewhere, Stripe is in advanced talks to acquire OpenRouter at a valuation that could reach $10 billion. Odos said it will shut down operations and permanently close all services on July 30. Uniswap introduced a v4 Hook standard for permissioned pools, LayerZero partnered with Keeta on tokenized bank-deposit transfers, PumpFun’s developer posted a growth leadership role with a base salary of up to $1 million, and Jito launched the self-custodial Solana trading platform JTX.

2110

Coinbase

2026-07-24 17:35:19

Coinbase Borrow goes live across the U.S., excluding New York

Coinbase said on X that Coinbase Borrow is now available in the United States, with New York excluded from the rollout. The company also said the product is supported by Jito and Morpho and runs on Base. The update was disclosed directly by Coinbase through its official X account. No additional rollout details were included in the post cited by Odaily.

1840

Jito

2026-07-23 20:40:16

Jito and Solana Company Launch $180M SOL Staking Partnership for APAC Institutions

Jito Foundation and NASDAQ-listed Solana Company partner to deploy institutional staking solutions in APAC, leveraging $180M SOL reserves and Jito's BAM technology.

530

Jito

2026-07-22 03:13:13

Jito Staked SOL ETP Debuts in Europe With Solana Yield and MEV Rewards

21Shares has launched the Jito Staked SOL ETP in Europe under the ticker JSOL, giving investors regulated Solana exposure with staking income and additional MEV-linked rewards through Euronext listings.

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